Multiple Choice
If NGDP is nominal GDP and RGDP is real GDP,which of the following can be used to calculate inflation?
A) percent change in NGDP + percent change in RGDP
B) percent change in NGDP - percent change in RGDP
C) percent change in NGDP percent change in RGDP
D) percent change in RGDP + percent change in NGDP
E) percent change in RGDP - percent change in NGDP
Correct Answer:

Verified
Correct Answer:
Verified
Q49: A lesson from microeconomics is that under
Q50: In 2005,household expenditures accounted for about _
Q51: Which of the following are not included
Q52: In 2005,government expenditures accounted for about _
Q61: According to the income approach to GDP,
Q64: If the percent change in prices is
Q86: To get a more accurate view of
Q103: According to the expenditure approach to GDP,
Q109: If the percent change in prices is
Q110: When calculating the real GDP using the